Pravex Bank is a private commercial

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

based in

Kyiv Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the seventh-most populous city in Europe. Kyi ...

, the capital of

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...

. Founded by

Leonid Chernovetsky Leonid Mykhaylovych Chernovetskyi ( uk, Леонід Михайлович Черновецький; born November 25, 1951 in Kharkiv, Ukrainian SSR, USSR) is a former Mayor of Kyiv, the capital of Ukraine, from 2006 until the summer of 2012. He w ...

, it was licensed by the

National Bank of Ukraine National Bank of Ukraine ( uk, Національний банк України) or NBU ( uk, НБУ) is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, includ ...

in 1992. Pravex Bank was ranked the No.88 bank in terms of the size of retail loan portfolio by Ukraine's central bank as at 11 October 2016. In the environment of a booming retail lending business, the bank, which is privately held by local investors, has successfully managed to be among such heavyweights as RZB Aval, BNP Paribas and OTP. Its retail loan portfolio, at US$0.3bn, is close to that of the state-owned saving bank Oshchadbank (US$0.4bn), which was ranked No.7. Pravex Bank was registered as a banking institution by National Bank of Ukraine in December 1992. The bank was founded by local private entities and individuals. Incorporated in the country's capital Kyiv, the bank started its business activities in the city and in the

Kyiv Oblast Kyiv Oblast ( uk, Ки́ївська о́бласть, translit=Kyïvska oblast), also called Kyivshchyna ( uk, Ки́ївщина), is an oblast (province) in central and northern Ukraine. It surrounds, but does not include, the city of Kyiv, w ...

(province). In 1993, the bank opened its first offices there. Since its inception, the bank has served private entrepreneurs, SMEs and private individuals, providing them with services (at that time) such as credit cards (VISA, Eurocard/MasterCard, Diners Club), cash payments for home utilities bills, etc. At the end of the 1990s, the bank started its regional expansion by opening offices in key oblast centres and towns. By the end of December 2005, Pravex Bank ran 406 offices scattered all over the country. By February 2007, the network was extended to 520 offices in all 24 oblasts of the country and in the Autonomous Republic of Crimea. The bank's client base consists of 40,000 business entities and over 2M retail customers. Pravex Bank is also an important

precious metals Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lu ...

trader in Ukraine. Silvio Pedrazzi, Chairman of the Supervisory Board. Taras Kyrychenko, Chairman of the Management Board. Since 2008, the Bank belongs to the

Intesa Sanpaolo Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity ...

Group.

Interesting facts

* Former lawyer of this bank Iryna Mudra became later Deputy Minister of Justice of Ukraine.Ирина Мудра, информация и биография Ирины Романовны Мудрой
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References

Banks of Ukraine Economy of Kyiv Intesa Sanpaolo subsidiaries {{Ukraine-company-stub

Interesting facts

See also

References